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Dalian iron ore extends gains to 3 week high, but glut weighs SINGAPORE: Chinese iron ore futures rose to their highest in more than three weeks on Tuesday, adding to sharp gains from the previous session after being hammered for most of this year, but lingering worries over a supply glut kept a lid on gains.China's iron ore and steel futures surged as much as 4 percent on Monday when investors covered short positions amid hopes that the markets may have found a bottom for now after heavy losses for most of 2014. Prices for both have dropped around 30 percent this year.The most-traded iron ore for January delivery on the Dalian Commodity Exchange was up 1 percent at 587 yuan ($96) a tonne by midday after earlier hitting 591 yuan, its loftiest since Sept. 18.Dalian iron ore rose by its 3.9 percent ceiling on Monday, rising in tandem with rebar steel futures in Shanghai.That helped lift spot iron ore prices, with ...

South Korea's KOCOPIA seeks 55,000 tonnes corn for March SEOUL: South Korea's Korea Corn Processing Industry Association (KOCOPIA) is seeking 55,000 tonnes of worldwide origin corn for March arrival via a tender, South Korean traders said on Tuesday. The tender will close at 4:30 p.m. (0730 GMT) on Tuesday, and the corn products should arrive at the ports of Incheon and Kunsan by March 5, 2015. Copyright Reuters, 2014 ...
Spot gold still targets $1,245 SINGAPORE: A bullish target at $1,245 per ounce remains unchanged for spot gold as it has broken resistance at $1,222.Resistance was provided by the 23.6 percent Fibonacci retracement on the fall from the July 10 high of $1,345 to the Oct. 6 low of $1,183.46. Gold is advancing towards the next resistance at $1,245, the 38.2 percent retracement, a break above which could open the way towards $1,264, the 50 percent retracement.A correction from the ...
LME copper biased to break resistance at $6,733 SINGAPORE: LME copper is biased to break resistance at $6,733 per tonne as a small double-bottom could have formed around the Oct. 2 low of $6,604.The neckline of the pattern is at $6,733, a resistance identified as the 76.4 percent Fibonacci projection level of downward wave (c) that started at the Sept. 16 high of $6,992.A break above resistance will confirm the double-bottom, which points a target at $6,863, the 38.2 percent level. A more ...
LME aluminium to approach $1,975 SINGAPORE: LME aluminium is expected to approach resistance at $1,975 per tonne, as indicated by its wave pattern and a Fibonacci retracement analysis.The rebound from the Oct. 2 low of $1,885 consists of three waves. So far only two have completed. The third wave, the wave c, has travelled above resistance at $1,940, the 23.6 percent retracement, and is unfolding towards $1,975, the 38.2 percent Fibonacci retracement on the fall from the Aug. 29 high ...
Shanghai copper targets 48,270 yuan SINGAPORE: Shanghai copper may break a resistance at 47,960 yuan per tonne and rise more to 48,270 yuan, as indicated by its wave pattern and a Fibonacci retracement analysis.The resistance is provided by the 38.2 percent Fibonacci retracement on the fall from 49,580 yuan, the close price on the hourly chart on Sept. 17, to 46,950 yuan, the Oct. 13 low.Three waves will make up the rebound from 46,950 yuan, with the current wave c ...
Thai rubber output seen dropping 10pc in 2014 KUALA LUMPUR: Rubber output in top producer Thailand may fall as much as 10 percent this year as plummeting prices drive away tappers, a senior industry official said on Monday, reversing earlier estimates for output to increase.The change in the forecast came as members of the Association of Natural Rubber Producing Countries (ANRPC), which account for more than 90 percent of natural rubber output, met in Kuala Lumpur to discuss more drastic measures to tackle ...


Index Closing Chg%
Arrow DJIA 16,614.81 1.31
Arrow Nasdaq 4,419.48 2.40
Arrow S&P 1,941.28 1.96
Arrow FTSE 6,372.33 1.68
Arrow DAX 8,886.96 1.94
Arrow CAC-40 4,081.24 2.25
Arrow Nikkei 14,804.28 2.03
Arrow H.Seng 23,088.58 0.08
Arrow Sensex 26,575.65 0.55

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln